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☆ Hungary starts process to ratify Finland, Sweden NATO bid
▼ + stars: | 2023-03-01 | by ( Gergely Szakacs | ) www.reuters.com time to read: +3 min

[1/4] A general view as the Hungarian parliament starts debating the ratification of Finland and Sweden's NATO membership in Budapest, Hungary, March 1, 2023. Sweden and Finland applied last year to join the transatlantic defence pact after Russia's invasion of Ukraine. With Hungary's ratification process stranded in parliament since July, nationalist Prime Minister Viktor Orban aired concerns about Sweden and Finland's NATO membership for the first time last Friday. "Finland and Sweden's NATO membership serves our foreign policy, security and economic interests and it also strengthens NATO." Finnish Foreign Minister Pekka Haavisto said on Tuesday Hungary intended to send a parliamentary delegation to Finland on or around March 9 to discuss the Nordic nation's bid for accession to NATO.

☆ Investing Club mailbag: Why kill jobs and wreck portfolios to beat inflation?
▼ + stars: | 2023-01-27 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

It's certainly an important question, and one many investors are likely asking after a year of rate hikes and falling stock prices. The major fear is not only that inflation stays high if the Fed fails to act decisively; it could also accelerate. Rather than taking steps to combat inflation — which have in turn crushed equity prices — we allow inflation to run hot. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Everything we know about Nishad Singh, the 27-year-old former FTX exec who had an 8% stake in the crypto exchange
▼ + stars: | 2022-12-24 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

Nishad Singh was FTX's Director of Engineering and had a 7.8% stake in the crypto exchange. Singh received a $543 million loan from Alameda Research, per bankruptcy filings. Singh was FTX's director of engineering, and had a 7.8% stake in the company. Singh's nearly 8% stake, which also included FTX subsidiary FTX.US, was worth about $572 million in March of this year. A year after Singh became FTX's director of engineering, he became a steady donor for the Democratic Party.

☆ Gary Wang, the mysterious FTX cofounder, has pleaded guilty to fraud charges. Here's what we know about the key player in the failed crypto empire.
▼ + stars: | 2022-12-22 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

FTX cofounder Gary Wang was a critical player during the rise and fall of SBF's crypto empire . Wang also served as FTX's former chief technology officer but kept a low profile. Wang served as the chief technology officer at FTX until the exchange collapsed in mid-November. Wang later became the chief technology officer at FTX, establishing himself as a key member of the crypto empire's inner circle. Fraud charges and guilty pleaUnlike his cofounder, Wang has largely disappeared from view since he was fired from FTX after the company's implosion.

☆ Gary Wang, the mysterious FTX cofounder, is cooperating with prosecutors. Here's what we know about the key player in the failed crypto empire.
▼ + stars: | 2022-12-22 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

FTX cofounder Gary Wang was a critical player during the rise and fall of SBF's crypto empire . Throughout his time at FTX, Wang maintained a limited online presence and steered clear of media interviews, leaving the limelight to his cofounder, Sam Bankman-Fried. But at FTX, Wang was a somewhat reclusive figure, per reports. Fraud charges and guilty pleaUnlike his cofounder, Wang has largely disappeared from view since he was fired from FTX after the company's implosion. "All of the sudden that snapped into he was leaving that day, back to the US and implicitly mostly stopped working," Bankman-Fried told the news outlet.

The EU has blocked the funds over worries around corruption and poor judicial independence in Hungary, which in turn vetoed the EU loan to Kyiv and a proposal for a global corporate tax. "I note the efforts made so far by Hungary to address several of the remedial measures," EU Budget Commissioner Johannes Hahn wrote in a letter. Orban, in power since 2010, has cultivated close ties with Moscow and repeatedly stalled EU sanctions against Russia. International watchdogs say Orban has long channelled EU funds to associates to entrench himself in power. It has also been withholding approval of some 5.8 billion euros for Hungary from an EU fund set up to help countries recover from the COVID pandemic, citing insufficient independence of courts from politicians.

☆ Analysis: East Europeans count their pennies for Christmas as food costs soar
▼ + stars: | 2022-12-07 | by ( Krisztina Than | ) www.reuters.com time to read: +6 min

Food prices in Hungary were a staggering 45.2% higher in October than a year earlier, Eurostat data shows, with 10 countries in the EU's east facing food price inflation of more than 20%. The cost of food was 33.3% higher in Lithuania and up 30% in Latvia compared to October 2021. read moreCzech headline inflation slowed to 15.1% in October but food prices grew, while in Poland food and non-alcoholic beverages inflation was 22.3% in November, well ahead of overall CPI at 17.4%. Inflation in Hungary is expected to start a very slow decline in the first half of next year. "There are still no durable signs that the inflation dynamics are improving in Hungary," Goldman Sachs has said.

☆ Remembering Gary Strieker, who helped establish CNN's presence in Africa
▼ + stars: | 2022-12-03 | by ( Tricia Escobedo | ) edition.cnn.com time to read: +12 min

CNN —Gary Strieker had every reason to be a pessimist. Gary Strieker, who passed away in July 2022, helped establish CNN's presence in Africa. Courtesy Strieker family Born in the tiny Illinois farm town of Breese in 1944, Gary Gerard Strieker moved to San Diego, California at a young age. Courtesy Strieker family Strieker is remembered by his family and colleagues as a quiet, humble man who never lost his optimistic spirit or tireless energy for making the world a better place. Courtesy Strieker family Strieker was the network's only correspondent on the African continent for some time, covering the AIDs epidemic in the 1980s and other major moments in history, including the 1994 genocide in Rwanda.

In the House, Republicans have 212 members and need to add six to guarantee a majority. Here’s a guide to some of the competitive races in which polls close early, which election forecasters say will carry a larger significance in reading the direction of the political environment. Virginia's three crystal ballsThe fates of three House Democrats first elected in the 2018 blue wave will tell a bigger story when Virginia’s polls close at 7 p.m. And in Florida, where polls close at at 7 p.m. Red wave sirensNew Hampshire is one of the earliest competitive Senate contests where polls close at 8 p.m.

Inflation expectations are de-anchoring from central bank targets, UniCredit CEE Chief Economist Dan Bucsa said. The situation is less clear in Poland though credit holidays to ease the burden of higher central bank interest rates are remaining heading into 2023. In western Europe, economists and financial markets largely expect price growth in the euro area to fall back to the European Central Bank's 2% target by 2024. "The upcoming general election is likely to stimulate fiscal expansion and, notably, the planned significant increase to the minimum wage from January may indeed spark a more substantial wage growth across the board." According to a Czech central bank survey, companies expect year-on-year inflation to be at 10.3% in one year and at 7.5% in three years, well above the central bank's 2% target.

☆ Hungary will not agree to EU gas price cap, will need exemption
▼ + stars: | 2022-10-20 | by ( Jan Strupczewski | ) www.reuters.com time to read: +3 min

BRUSSELS, Oct 20 (Reuters) - Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding that if the EU decides on a cap it would have to exempt Hungary, as it did for oil. European Union leaders are discussing the idea of a price cap on imported gas, including Russian gas, with at least 15 countries from the 27-nation bloc pushing for such a price limit to curb energy prices and record consumer inflation. But several EU countries including Germany are sceptical, wary that a price cap would distort price signals from the market and lead to higher consumption. It could also jeopardise security of supply as sellers may not agree to deliver at a price set by an EU-government cartel. Landlocked and heavily dependent on Russian crude deliveries via pipeline, Hungary secured an exemption in June when the rest of the EU agreed to stop buying Russian oil from December.

☆ Ex-ambassador says the US and its allies need to bring Hungary's authoritarian leader 'to his senses' as he and Turkey's Erdogan hold NATO's expansion hostage
▼ + stars: | 2022-10-13 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Hungary and Turkey are the only two states that haven't approved adding Finland and Sweden to NATO. One ex-diplomat told Insider the US and its allies need to bring Orbán "to his senses." Hungary and Turkey, however, have yet to sign off on adding new members to the alliance and are instead purposefully holding up proceedings. Both leaders have tried to leverage their own strategic interests in exchange for approving what would be a major expansion of the NATO alliance, interests like security guarantees or pleasing other heads of state. The two Nordic countries would provide the NATO alliance with a significant boost to its overall military capabilities across all domains — air, land, sea, and with intelligence.

Last month, it unveiled plans to spin off its Canadian oil sands assets into a new publicly traded company, which surprised many industry watchers. McCrea expects the recent trend of takeovers of private Canadian oil companies by larger companies to continue rather than the IPO route. The last time a new Canadian energy listing appeared on the TSX was in January when Calgary-based Kiwetinohk Energy Corp (KEC.TO) shares started trading. read moreNow, energy stocks have become a refuge for investors facing a sell-off in high growth sectors. Some energy investors welcomed the idea of more Canadian oil and gas listings.

☆ Kaley Cuoco and Pete Davidson 'Meet Cute' in a 'Groundhog Day'-style rom-com
▼ + stars: | 2022-09-21 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +1 min

(CNN) Time-traveling romance has a spotty history (just ask HBO), but like "Groundhog Day," that doesn't stop variations on the theme from happening again and again. Enter "Meet Cute," an unhelpfully-generic title for a movie most notable for pairing Kaley Cuoco and Pete Davidson, in a concept with barely enough meat for a "Black Mirror" episode, which likely explains its arrival via Peacock. "We just work," Sheila tells him, a theory that she can put to the test, over and over, altering the nature of their interaction in small and not-so-small ways and seeing how it plays out. The formula is obviously full of potential, which explains why writers keep returning to it, from "50 First Dates" to the recent Andy Samberg movie "Palm Springs." "It's OK for things to be messy sometimes," Sheila tells Gary, a line that possesses some significance in the larger story, but which doesn't necessarily apply quite as well in this sort of exercise.

☆ This 29-year-old left the U.S. for Budapest. Now he makes $120,000 — and lives in an $800-per-month apartment
▼ + stars: | 2022-05-07 | by ( Francis Nayan | ) www.cnbc.com time to read: +6 min

Now, he works as a copywriter in Budapest, Hungary. I spent a year teaching there before taking my next position in Budapest, Hungary. To live and work in Hungary long-term, you must apply for a Residence Permit for the Pursuit of Gainful Activity. The Hungarian National Museum in Budapest, Hungary. Csendes Cafe is a popular ruin bar in Budapest, Hungary.

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